🔸️Ethereum | Bitcoin & Altcoin News

🔻 Optimism’s Superchain now supports Layer 3 chains via OP Stack Optimism noted that Layer 3 chains can now join the Superchain by building on the OP Stack and sharing sequencer revenue with its governance body — Optimism Collective. Layer 3 builders who join the Superchain will have access to retroactive funding, airdrops, and growth campaigns, along with a broad network of developers, Optimism said. A Layer 3 chain is a network that settles on one of Optimism’s Layer 2 chains: OP Mainnet, Base, Mode, and others. Source ETH | BTC & ALTCOIN News

💰 Mixed Fortunes for US Bitcoin Funds as GBTC Losses Offset Other Gains On Tuesday, the publicly traded spot bitcoin ETFs operating in the United States registered a total trade volume of $1.17 billion. Notable entrants like Fidelity’s FBTC, Ark Invest’s ARKB, and Invesco’s BTCO experienced net inflows, yet these gains were insufficient to counteract GBTC’s $29 million decline. The fund’s downturn disrupted GBTC’s two-day run of positive inflows, which had marked its first gains following a stretch nearing 80 days. Source ETH | BTC & ALTCOIN News

🇭🇰 Wintermute announces liquidity support for Hong Kong spot bitcoin, ether ETFs Crypto market maker Wintermute announced today that it will provide liquidity to OSL and HashKey for Hong Kong’s spot bitcoin and ether exchange-traded funds, in an attempt to “foster Wintermute’s presence in the Asia crypto markets.” In a Wednesday statement, Wintermute said that it plans to work closely with OSL and HashKey — both sub-custodians for the spot crypto ETFs in Hong Kong — on buying, selling and delivery of underlying bitcoin and ether for the spot ETFs. Source ETH | BTC & ALTCOIN News

🇭🇰 Crypto Trading Firm Wintermute to Provide Liquidity for Hong Kong Bitcoin and Ether ETFs Looking to strengthen its market share in the Asia region, Wintermute will be a liquidity provider to the recently launched Hong Kong-listed spot bitcoin and ether exchange-traded funds, the company announced Wednesday. The London-based firm is partnering with OSL Digital Securities and HashKey HK Exchange, both of which are sub-custodians of virtual asset trading platforms facilitating the operation of the ETFs, according to the statement. Source ETH | BTC & ALTCOIN News

🇭🇰 Hong Kong’s spot 💰 bitcoin ETFs see first outflows, solely from ChinaAMC Hong Kong’s spot bitcoin exchange-traded funds recorded their first cumulative daily bitcoin outflows on Monday — solely from China Asset Management’s ETF — after debuting on the Hong Kong Stock Exchange on April 30. ChinaAMC’s spot bitcoin ETF saw 75.36 leave the product yesterday, while the other two ETFs recorded zero inflows. That came after the three funds logged an inflow of 3,910 BTC on their first trading day, according to SosoValue data. Source ETH | BTC & ALTCOIN News

🇺🇸 SEC delays making a decision on the proposed Invesco Galaxy spot 🪙 Ethereum ETF The U.S. Securities and Exchange Commission is delaying making a decision on next steps for the Invesco Galaxy Ethereum exchange-traded fund. "The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the agency said. Source ETH | BTC & ALTCOIN News

💰 Crypto has been 'validated significantly’ with spot bitcoin ETF approval, says Pantera Capital exec This year's approval of spot bitcoin exchange-traded funds in the U.S. has provided substantial validation for the crypto industry, according to Pantera Capital general partner Franklin Bi, as the crypto venture capital firm is raising a new mega $1.25 billion fund. While Bi declined to comment specifically on Pantera's new fund, he told The Block in an interview that this is an opportune time for venture firms, in general, to raise new capital and position themselves to support emerging startups. Source ETH | BTC & ALTCOIN News

📣 Vodafone's PairPoint trying to turn mobile device sim cards into crypto wallets Vodafone will use SIM card technology to meet an anticipated surge in demand for cryptocurrency on mobile phones. "Within each mobile phone is a SIM card and we have focused on linking the mobile phone SIM card to digital wallets, identity and blockchains, using the cryptography we have in those SIM cards for that blockchain integration," Palmer told Yahoo Finance. Source ETH | BTC & ALTCOIN News

🏦 Coinbase faces copycat class action suit asserting tokens are securities in echo of pending case Coinbase, the largest cryptocurrency exchange in the United States by volume, is facing a fresh lawsuit from customers who say the company's entire business model was illegal from the start, in an echo of a case already faced by the company. In a statement, the company called the claims "legally baseless," writing, "We have full faith in the judicial process and look forward to addressing them in full at the appropriate time." Source ETH | BTC & ALTCOIN News

🥇 Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak Grayscale’s GBTC spot bitcoin exchange-traded fund witnessed its first-ever (since it was converted) daily net inflows on Friday, ending a 78-day run of consecutive outflows. GBTC’s cumulative outflows since the U.S. spot bitcoin ETFs began trading on Jan. 11 totaled more than $17.5 billion by May 2, but the higher-fee fund suddenly generated $63 million worth of inflows on Friday, according to data from Farside Investors and CoinGlass. Source ETH | BTC & ALTCOIN News